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FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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OMB APPROVAL
OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5 |
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Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person
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ROBERTS BRETT A |
2. Issuer Name
and
Ticker or Trading Symbol
CREDIT ACCEPTANCE CORP [ CACC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__ X __ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) Chief Executive Officer |
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25505 WEST TWELVE MILE ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
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SOUTHFIELD, MI 48034-8334 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person |
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1.Title of Security
(Instr. 3) |
2. Trans. Date | 2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 9/1/2009 | M | 15443 (1) | A | $3.625 | 335934 (2) | D | |||
| Common Stock | 9/1/2009 | S | 100 (1) | D | $29.04 | 335834 (2) | D | |||
| Common Stock | 9/1/2009 | S | 19 (1) | D | $29.14 | 335815 (2) | D | |||
| Common Stock | 9/1/2009 | S | 1281 (1) | D | $29.18 | 334534 (2) | D | |||
| Common Stock | 9/1/2009 | S | 5 (1) | D | $29.29 | 334529 (2) | D | |||
| Common Stock | 9/1/2009 | S | 95 (1) | D | $29.30 | 334434 (2) | D | |||
| Common Stock | 9/1/2009 | S | 800 (1) | D | $29.36 | 333634 (2) | D | |||
| Common Stock | 9/1/2009 | S | 200 (1) | D | $29.38 | 333434 (2) | D | |||
| Common Stock | 9/1/2009 | S | 400 (1) | D | $29.39 | 333034 (2) | D | |||
| Common Stock | 9/1/2009 | S | 219 (1) | D | $29.40 | 332815 (2) | D | |||
| Common Stock | 9/1/2009 | S | 188 (1) | D | $29.41 | 332627 (2) | D | |||
| Common Stock | 9/1/2009 | S | 112 (1) | D | $29.42 | 332515 (2) | D | |||
| Common Stock | 9/1/2009 | S | 200 (1) | D | $29.43 | 332315 (2) | D | |||
| Common Stock | 9/1/2009 | S | 200 (1) | D | $29.46 | 332115 (2) | D | |||
| Common Stock | 9/1/2009 | S | 136 (1) | D | $29.47 | 331979 (2) | D | |||
| Common Stock | 9/1/2009 | S | 164 (1) | D | $29.48 | 331815 (2) | D | |||
| Common Stock | 9/1/2009 | S | 100 (1) | D | $29.51 | 331715 (2) | D | |||
| Common Stock | 9/1/2009 | S | 70 (1) | D | $29.58 | 331645 (2) | D | |||
| Common Stock | 9/1/2009 | S | 30 (1) | D | $29.59 | 331615 (2) | D | |||
| Common Stock | 9/1/2009 | S | 100 (1) | D | $29.60 | 331515 (2) | D | |||
| Common Stock | 9/1/2009 | S | 100 (1) | D | $29.66 | 331415 (2) | D | |||
| Common Stock | 9/1/2009 | S | 200 (1) | D | $29.68 | 331215 (2) | D | |||
| Common Stock | 9/1/2009 | S | 400 (1) | D | $29.72 | 330815 (2) | D | |||
| Common Stock | 9/1/2009 | S | 100 (1) | D | $29.75 | 330715 (2) | D | |||
| Common Stock | 9/1/2009 | S | 100 (1) | D | $29.80 | 330615 (2) | D | |||
| Common Stock | 9/1/2009 | S | 100 (1) | D | $29.84 | 330515 (2) | D | |||
| Common Stock | 9/1/2009 | S | 200 (1) | D | $29.86 | 330315 (2) | D | |||
| Common Stock | 9/1/2009 | S | 100 (1) | D | $29.92 | 330215 (2) | D | |||
| Common Stock | 9/1/2009 | S | 300 (1) | D | $29.93 | 329915 (2) | D | |||
| Common Stock | 9/1/2009 | S | 200 (1) | D | $29.94 | 329715 (2) | D | |||
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Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) |
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1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option (right to buy) | $3.625 | 9/1/2009 | M (1) | 15443 | (3) | 12/31/2009 | Common Stock | 15443 | $0.00 | 84557 | D | ||||
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Remarks:
This Form 4 is 1 of 3 filed for the exercise and sale of Mr. Roberts's employee stock options on September 1, 2009. |
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Reporting Owners
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| Reporting Owner Name / Address |
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| Director | 10% Owner | Officer | Other | ||
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ROBERTS BRETT A
25505 WEST TWELVE MILE ROAD SOUTHFIELD, MI 48034-8334 |
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Chief Executive Officer |
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Signatures
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| /s/ Brett A. Roberts | 9/3/2009 | |
| ** Signature of Reporting Person |
Date
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |